1395 Palestine RdPitkinLA70656
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Pitkin at 1395 Palestine Rd, Pitkin, LA, 70656 priced at $149,000 pairs $1,145/mo rent with $222/mo cash flow after a $729/mo payment. Total monthly income equals $1,145/mo, and annual cash flow comes to $2,668/yr on $49,394 invested. Return on cash invested is 25.31% in year one, and rental yield stands at 9.22% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 131.88% and total cumulative return in cash reaches $65,140. For financing, Ziffy Mortgage’s DSCR program evaluates $1,145/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2020
3.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70656, Pitkin, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,751 (100%) |
| Owner Occupied HU | 1,243 (71.0%) |
| Renter Occupied HU | 214 (12.2%) |
| Vacant Housing Units | 294 (16.8%) |
| Median Home Value | $104,842 |
| Average Home Value | $129,334 |
Housing Distribution
Address Breakdown
Residential
1,420
Single Family
1,420
Multi-Family
0
Businesses
42
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